King & Wood Mallesons represents NextView Capital on its acquisition of a 19.89% equity interest in Bacanora Minerals Ltd.

By King & Wood Mallesons

King & Wood Mallesons represented NextView Capital (‘NextView’), a leading Chinese institutional fund management group focused on new technologies and energy in its acquisition of a 19.89% equity interest (non-diluted) in Bacanora Minerals Ltd. (a company listed on the TSX and on AIM) via the placement of 32,976,635 common shares at a price of 94.53 pence per share raising  £31,172,813 (approximately C$53,498,000). 

In addition to the placement, Bacanora has agreed to supply NextView with agreed amounts of lithium carbonate produced at its Sonora Project in Mexico.

KWM’s team was led by Shanghai Partner Hui Zheng and London Partner Greg Stonefield.